Singapore-based Jetstar Asia to pay four weeks’ salary per year of service to over 500 laid-off staff

AI Summary

Jetstar Asia will cease operations on July 31, impacting over 500 employees in Singapore. Qantas, the parent company, announced a retrenchment package including four weeks' salary per year of service, a bonus, thank you payment, and continued travel benefits. The SMMWU union negotiated fair compensation and will provide job placement assistance. A government task force is also supporting affected workers, ensuring adherence to responsible retrenchment guidelines.